CNO Financial Group Acquires Web Benefits Design
April 29, 2019
CNO Financial Group acquired Web Benefits Design Corporation, a cloud-based employee benefits administration and enrollment platform, to advance its worksite strategy and broaden distribution of its insurance products. The purchase (approximately $66 million plus potential earn-out) is intended to accelerate growth, provide cross-sell opportunities to thousands of employer clients and expand CNO's technology-driven capabilities for employer benefit programs.
- Buyers
- CNO Financial Group
- Targets
- Web Benefits Design Corporation
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Transaction Type
- Buyout
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